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4.0¢ askari metals limited

Ann: High-Grade Spodumene Hosted Lithium at Uis Project, Namibia, page-15

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FingerLicking

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16/11/22

11:45

Post #: 64803967
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Originally posted by Understatement: ↑

Hi,

Please correct me if I am wrong.

I just looked at the Rubidium section of the announcement.

The report says that ARN announced a Rubidium oxide resource of 8,000 metric tons. (4.5Mt @ 0.17% RB2O).

1 kg of RB2O 99% is around US$8,000. The area is 200m times 200m where most of their Rubidium is located.

The Rubidium found on Askari's licence is found over an area of 2km times 2km. Most grades are above 0.17% up to 0.43%.

The likelihood that there is more than 8,000 metric tons with higher grades (and higher Lithium grades as an add on) is very high in my estimation.

I could not locate any other major resources at ARN and it has a market cap of double that of Askari.

Apart from being a JORC complying resource I have no idea why AS2 is trading at a so much lower market cap compared to ARN.

Looks to me that AS2 is undervalued and spring loaded.

This is no advice just my personal assessment. Can anyone tell me if I made any major error?

Thanks

K

Expand

all sounds correct;

this is ARN:

here's one of our MONSTERS, which has 23 samples above ARN's result of 0.17% Rb2O:

Last edited by FingerLicking: 16/11/22

AS2 Price at posting: 44.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $3.907M

Open	High	Low	Value	Volume
4.0¢	4.0¢	4.0¢	$763	19.06K

Buyers (Bids)

No.	Vol.	Price($)
3	21095	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	140550	1

View Market Depth

No.	Vol.	Price($)
3	21095	0.040
1	20000	0.039
1	20000	0.038
1	18000	0.037
1	100000	0.036

Price($)	Vol.	No.
0.042	140550	1
0.044	69790	1
0.048	100000	1
0.050	4016	2
0.053	947	1

Last trade - 15.47pm 25/07/2024 (20 minute delay)

AS2 (ASX) Chart